United Photovoltaics announces acquisition of 40 MW plant in Shandong

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The board at United PVG announced completion of the acquisition on October 20th 2016, in compliance with the terms of the share transfer agreement. Haiyang-xin will now operate as a wholly owned subsidiary, with all results, assets and liabilities consolidated into those of United Photovoltaics Group Limited.

Haiyangxin owns and operates a grid connected solar plant with a 40 MW capacity. The plant is located in Yantai City, in China’s Shandong Province.

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